Which of the following statements is true?
A) Policy reserves are a liability item for insurers that reflects their worst-case payment commitments on existing policy contracts.
B) Policy reserves are an asset item for insurers that reflects their best-case payment inflows on existing policy contracts.
C) Policy reserves are an asset item for insurers that reflects their expected payment inflows on existing policy contracts.
D) Policy reserves are a liability item for insurers that reflects their expected payment commitments on existing policy contracts.
Correct Answer:
Verified
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